EnerNOC Awarded Demand Management Contract with Con Edison
August 31 2016 - 8:34AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions,
announced today that it has been awarded a multi-million dollar
contract as part of Consolidated Edison Company of New York’s
Brooklyn-Queens Demand Management (BQDM) Program. Con Edison’s BQDM
Program, approved in December 2014, is a targeted effort to reduce
demand in certain areas of New York City, delaying or eliminating
the need to invest $1.2B in a new substation. The program is part
of New York’s “Reforming Energy Vision” (NY REV) initiative, which
is focused on building a better energy system for all New Yorkers.
“Programs like BQDM and NY REV are putting an increased focus on
the use of distributed energy resources like demand response and
energy storage to meet challenges traditionally solved by putting
steel into the ground – an expensive proposition in any market, but
particularly in a densely populated area like New York,” said Tim
Healy, Chairman and CEO of EnerNOC. “EnerNOC, Con Edison, and other
participants in BQDM are demonstrating that a clean, resilient, and
affordable energy system can effectively save consumers millions of
dollars.”
The BQDM project has been described as the largest modern
“non-wires” alternative program in the United States, relying on
the use of energy efficiency and demand-side management
technologies – such as combined-heat-and-power, energy storage, and
demand response solutions – in lieu of traditional generation and
distribution infrastructure.
To learn more about EnerNOC’s worldwide demand response network
and distributed energy resources, please visit www.enernoc.com
About EnerNOC
EnerNOC is a leading provider of energy intelligence software
(EIS) and demand response solutions. With capabilities to better
address budgets and procurement, utility bill management, facility
analysis and optimization, sustainability and reporting, project
tracking, and demand management, EnerNOC's SaaS platform helps
enterprises control energy costs, mitigate risk, and streamline
compliance and sustainability reporting. EnerNOC also offers access
to more demand response programs worldwide than any other provider,
providing enterprises a valuable payment stream to further enhance
bottom line results and utilities and grid operators a reliable,
cost-effective demand-side resource. For more information, visit
www.enernoc.com.
EnerNOC Media Relations:
Sarah McAuley
617.532.8195
news@enernoc.com
EnerNOC Investor Relations:
Christopher Sands
617.692.2569
ir@enernoc.com
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